Updated Jan 2, 2023 13:41

Camel Meat Market in Portugal

Market Overview
The Portuguese camel meat market reduced slightly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a pronounced downturn. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a somewhat lower figure.

In value terms, camel meat production dropped to $ in estimated in export price. Overall, production, however, saw a pronounced contraction. The pace of growth appeared the most rapid in with an increase of % against the previous year. Over the period under review, production attained the peak level at $ in 2013; however, from 2014 to , production failed to regain momentum.


Consumption
Camel meat consumption in Portugal amounted to kg in , approximately mirroring figures. In general, consumption, however, recorded a relatively flat trend pattern. Camel meat consumption peaked at kg in 2010; however, from 2011 to , consumption failed to regain momentum.

The size of the camel meat market in Portugal reduced modestly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a noticeable setback. As a result, consumption attained the peak level of $. From 2014 to , the growth of the market remained at a somewhat lower figure.


Market Forecast
Driven by rising demand for camel meat in Portugal, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to kg by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of camel meat in Portugal were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for camel meat. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Portugal remains a net importer of camel meat; in physical and value terms, imports consistently exceeded exports from 2012 to 2015. In 2015, there was a significant trade deficit of kg, which was equal to $.